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Career Point Infosystems was incorporated as public limited company on March 31, 2000, under the Companies Act. The Promoter of the Company is Pramod Maheshwari, who has been in the business of tutoring for competitive entrance examinations since 1993 and the business was being administered under proprietorship firms of Pramod Maheshwari, Om Prakash Maheshwari and Nawal Kishore Maheshwari, our Promoters.
However, during Financial Year 2002, the Promoters started undertaking tutoring services via Franchisee Centres through the company. Subsequently, from April 1, 2006 it also started providing tutoring services through Company Operated Training Centres.
The company was created with an object to undertake development and/or trade in sale, import, export of computer software and all varieties of information technology services like medical transcription, GIS/GPS mapping, data entries, data conversion, internet services, intranet services, networking like WAN, LAN and its related protocols, e-commerce, forex operations relation to software, hardware consultancy, hiring, installation sale, export, import, maintenance of computer hardware, platform changing peripherals, and related services either on direct contract or sub-contract basis and running and maintaining institute/school providing general education and coaching in science, math, medical, commerce, arts, engineering and computer education, training, information technologies and training covering, inter-alia to carry on the business of research and development, designing, manufacturing and trading in all types of computer software and hardware in all areas including management information systems, database services, data warehousing, industrial applications, office systems, automation systems etc.
Business of the company:
It is a tutorial services provider in India and provides tutorial services to high school and post high school students for various competitive entrance examinations including All India Engineering Entrance Examination, Indian Institute of Technology - Joint Entrance Examination and All India Pre-Medical and Pre-Dental Test. The tutorial services are provided through its classroom training programmes conducted through a network of Company Operated and Franchisee Centres. As at July 31, 2010 the company had 17 Company Operated Training Centres and 16 Franchisee Centres and during the four months period till July 31, 2010 it has received 28,626 enrollments.
It has a team of 231 faculty members as on July 31, 2010 (excluding faculty members of franchisees) comprising of graduates in engineering and science. It has over a period of time, built its content repository of over 10,000 pages of text content and over 12,000 minutes of video content for various tutorial services offered by it. For students who are not able to attend its regular classroom programme, it offer distance learning programme comprising of correspondence and test series courses which have been systematically designed to provide effective and efficient education to students in a simple and lucid manner.
It has recently forayed into Education Consultancy and Management Services (‘ECAMS’), catering to K-12 and Higher Education segments. Further, to address larger base of potential students, the company has introduced technology enabled education delivery platform for delivering content through ‘TechEdge Class’.
Subsidiaries of the Company